Financial Solution News

I found this quote about debt and I love it…
“Borrowing money is like wetting your bed in the middle of the night. At first all you feel is warmth and release. But very, very quickly comes the awful, cold discomfort of reality.”
What do you think? It really paints a vivid picture doesn’t it?
And here are a few other articles I have been reading this week…

7 ripoff tips
Help someone who is struggling financially
The ups and downs of buying a home
Identity theft at ATMs is increasing
The benefits of owning a Wii
Tips to save money on daycare costs
5 signs you are living beyond your means
10 Ways to be the worst CVS shopper possible
How to become a millionaire
12 great resources for online shopping
Lessons from Grandma’s cookie jar
The top 12 money mistakes
10 ways to stretch your healthcare dollar
21 signs your bank is about to fail
Is it unethical to walk away from your mortgage?

Related [...]

Original post by bob

Chesapeake Energy (CHK) has seen better days, including back up at $60 where I sold two naked puts.  I charted it today to see where I should price some naked calls to try to cut my losses some, but was surprised with the action I decided to take.  The way I chart CHK’s stock, the downside is relatively limited compared to the upside.  The key word here is “relatively”. 
CHK is hitting a possible trend line.  What was the trend line of higher highs before it broke out at the beginning of this year, could offer a support range.  The 50 week moving average happens to coincide with that same price point giving extra support.  If the 18 month trend line of higher lows ends up being the support line, CHK could go as low as 40 or so.  That’s just above the 100 week moving average as another coincidence.  With [...]

Original post by Alex Fotopoulos

With so many junk mail coming through our mailbox each day, why not mix in some great incoming mail by winning the free gas card giveaway hosted over here?  On August 18, three winners will be announced here at MoneyNing and each winner will receive a $50 gas gift card to help them fill up their tanks!
Here are some simple ways to enter:

Commenting on this post get you one entry
Stumble, Digg and Mixx this post and get 3 more entries for each vote
All email subscribers of this blog will have 5 entries
If you have a blog and write about this giveaway with a link to this post, you will get 5 entries
My Twitter Followers will receive another 5 entries

Note that the gas gift cards will be Shell gift cards for the US.  If you cannot use it, I will send you an amazon gift card instead.
Good luck everyone!

—Related Articles at [...]

Original post by MoneyNing

I just found out about Scour today and I am excited about the possibility of it. Everyone who knows me knows that I am an avid Google nut and love a lot of the product they have put out. But, I think they need a little bit of competition in the search market. Yahoo and MSN are just not very good competitors anymore.
Scour looks like they may have a product that could compete with them. The challenge, of course, is that it is a huge uphill battle for them. Google has most of the internet’s users using it as their search engine, so in order to have a chance Scour is going to have to be a lot better.

My experience with Scour (so far)
Scour is a search engine that has two distinct advantages over Google…

The results are voted on by other users. So, in theory, only the best stuff should [...]

Original post by bob

I updated my current portfolio page and pasted the same screen shot below to show what I’m holding now.  Unless I have a huge rally next week, July will end up being my second biggest down month.  Right now I’m down about $7,000 since the first of the month.  That’s more than 7% down in a month. 
I had planned to stay less invested by now, but have jumped in deeper and now plan to make a lot of that back.  I didn’t plan to lose $7k on paper to start with, so we’ll see if my plan du jour works out any better.

Original post by Alex Fotopoulos

Here are some free Finance related offers that I thought you might like.
The Buyside and the Three-Phase Evolution of Electronic Tradinghttp://everythingfinanceblog.tradepub.com/free/w_adve01
Best Practices in Reconciliation: 10 Steps to Improving Efficiency and Reducing Riskhttp://everythingfinanceblog.tradepub.com/free/w_adve02
Subscribe to Everything Finance by Email
Retrieve copies of past tax returns and W2s previously filed with IRS

Original post by Everything Finance

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In the world of franchising, the most important thing on which the success of both the franchisor and the franchisee depends on is the relationship between them. Many analogies have been given regarding the nature of the relationship; it has been compared with matrimony as well as with the parent-child relationship. But, the fundamental difference is that all of the analogies are from social life of man and franchising is first and foremost a business relationship. So, it is for the betterment of both the parties that they treat it that way: professionally.
When the franchisee signs on the dotted lines, he must know and agree to what he is signing. He promises to go by the rules and regulations of the franchisor; he comes to know how to [...]

Original post by mikejohns

Total Money Makeover Giveaway

Well, I was trying to decide what the giveaway should be this week and I was trying to decide between the new iPhone or a Dave Ramsey audiobook. I figured since this is a financial site people would much rather have the Ramsey book .
Maybe next time. But anyway, this is a great book. I have given it away a couple times and it does always seem to be something that a lot of people are interested in. So, if you are looking for a great beginner’s book on personal finance or some help getting out of debt – I recommend this book. It is Dave’s best book yet, because he simplifies everything to about a 5th grade level so it won’t get over anyone’s head.
I think this week we will giveaway the audiobook for all you read-with-my-ears learners. If you are interested in winning just [...]

Original post by bob

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If you are seriously considering joining the franchising industry, you must know by now that how important the role of UFOC is in choosing the right franchisor. The section 19 of your UFOC is quite significant. It will make you aware of the earning claims the company is making. If you go through the UFOCs of more than one company, you will see that not everyone is offering you an earning claim. Some may say it’s a violation of federal law. But that’s a very wrong interpretation of the federal laws regarding the franchising industry. The laws were implemented in order to save the hard-earned money of the franchisees from dishonest franchisors.
To prevent a company from offering outlandish claims, the law stipulates that if a company gives earning [...]

Original post by mikejohns

After my Freeport McMoran (FCX) July 105 naked put expired last week and assigned me 100 shares I sold those 100 shares when FCX rallied.  The next day FCX dropped $8+.  I thought my limit was going to hit for the September 95 naked puts, but I priced it too high.  This morning I changed my order for a lower strike.  While FCX was trading near $98.00 my order hit and I sold one FCX September 85 naked put (FCXUQ) and received $329.25 after commissions. 
I thought that I should reduce my risk by selling a lower strike and the premiums met my trading model for projected returns.  I’m glad I lowered my strike because FCX is down another $3.50 from when I traded on it two and half hours ago.  Recharting it now, I can see why I lowered my strike, but can clearly see that I should’ve placed my limit [...]

Original post by Alex Fotopoulos